MobiKwik Share Price Surge 13% After Block Deal Worth ₹118 Crore

Shares of One MobiKwik Systems Ltd, the parent company of payment solutions provider MobiKwik, continued their upward momentum on Thursday, December 26, rising by 6% after a significant block deal.

Block Deal Details

A total of 18.6 lakh shares, representing 2.4% of MobiKwik’s total equity, changed hands during a block deal on Thursday. The shares were traded at an average price of ₹635 per share, resulting in a total transaction value of ₹118 crore.

While the identities of the buyers and sellers remain undisclosed, the transaction fueled a strong rally in the stock, which climbed as much as 6.5% post-deal.

As of 12:19 PM (IST) on December 26, 2024, MobiKwik share price was trading at ₹688.10 on the Bombay Stock Exchange (BSE), up 12.96% for the day. The stock recorded a total traded volume of 13.18 lakh shares, with a turnover of ₹248.93 crore, according to BSE data.

Market Debut and Recent Rally

MobiKwik shares made their stock market debut on December 18, 2024, with an impressive 90% surge from their IPO issue price of ₹279. Over the past six trading sessions, the stock has declined only once, on December 20, and has consistently maintained its upward trajectory.

Following Thursday’s gains, MobiKwik shares are now up 130% from their IPO price, reflecting strong investor confidence and robust demand.

IPO Highlights

MobiKwik’s ₹572 crore IPO, comprising a fresh issue of shares, received an overwhelming response from investors. The offering was oversubscribed by more than 100 times across all investor categories, signalling broad-based interest in the company.

 

 

 

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